Friday, 30 May 2008

After the current shellacking what is the bigger picture in gold?

The falls in gold and related equities will have many goldbugs questioning the wisdom of holding either. The truth is gold and goldshares are historically cheap. Sometimes it is important to stand back to get a proper perspective on where gold shares are going and how they will eventually break out of a chart pattern that goes back several decades. The first chart by James Turk is a work of art - and a keeper. The second chart produced a few years ago by the Aden sisters confirms Turk's work.

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I teach Film, Media and English Lit.